GPSide,
I wonder why Vaxgen did not tell the whole truth in its SEC prospectus. They have written about the wonderful 100 per cent efficacy of AIDSVAX with monkeys, but they did not tell, that in these tests only five monkeys were vaccinated. With five monkey one cannot make any statistics!
They also did not tell anything about the eleven HIV infections in Phase II.
My understanding is now, that AIDSVAX is still in the very beginning of experimental tryings with human individuals (Despite phase III !). They may change the ingredients of AIDSVAX several times in order to get their 30 percent efficacy. And this takes time, time, and even more time! ...And money, money, and more money. So I would assume that it it would not be possible to issue AIDSVAX in 2003. It might take a lot longer. And we all will see how often this stock will be deluted till AIDSVAX is on the market.
Do not understand me wrong: I am not short. I owe some VXGN stocks. But at the time I bought them, I have to admit I was a little naive by only reading the prospectus.
Regards...
--------------- gmhc.org
excerpt:
Studies have demonstrated that this vaccine protects chimpanzees from infection with HIV. Because chimpanzees can get infected with HIV but almost never develop AIDS, they are not considered an ideal "animal model" for testing a human HIV vaccine. Nevertheless, there was a clear difference in these studies between vaccinated and unvaccinated chimpanzees: While all the unvaccinated animals got infected when challenged with HIV, all the vaccinated chimps, two in one study and three in the other, were protected. (In the first study, the chimps were challenged using the same HIV strain — IIIB — that was the basis for the vaccine with which they were vaccinated. In the second study, the vaccine strain — MN — differed from the challenge strain, SF2.)
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